Tesla (TSLA) Stock: Goldman Sachs Reiterates Neutral on Robotaxi Launch

Tesla, Inc. (NASDAQ:TSLA) is one of the Trending AI Stocks on Wall StreetOn August 21, Goldman Sachs reiterated the stock as “Neutral” stating that it is cautious on Tesla’s robotaxi launch.

“For Tesla specifically, we think it is a positive that Tesla has begun robotaxi operations which puts it on the path to addressing a large market (we estimate that the U.S. robotaxi market will be $7 bn in 2030…)”

Tesla (TSLA) Stock: Goldman Sachs Reiterates Neutral on Robotaxi Launch

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Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $329 implies a 2.39% upside; however, the Street-high target of $500 implies an upside of 48.34%.

Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives.

While we acknowledge the risk and potential of TSLA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TSLA and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.